Cumberland Partners Ltd Increases Stock Position in Restaurant Brands International Inc. $QSR

Cumberland Partners Ltd grew its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 46.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,700 shares of the restaurant operator’s stock after purchasing an additional 1,800 shares during the quarter. Cumberland Partners Ltd’s holdings in Restaurant Brands International were worth $377,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of QSR. Davis Selected Advisers acquired a new stake in Restaurant Brands International during the 1st quarter valued at $224,744,000. Royal Bank of Canada lifted its position in shares of Restaurant Brands International by 16.7% in the first quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock valued at $1,507,839,000 after acquiring an additional 3,230,735 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Restaurant Brands International by 112.8% during the second quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock valued at $286,172,000 after acquiring an additional 2,277,694 shares during the last quarter. Invesco Ltd. increased its position in Restaurant Brands International by 465.8% during the 1st quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator’s stock worth $176,247,000 after purchasing an additional 2,177,302 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Restaurant Brands International by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock worth $1,015,137,000 after purchasing an additional 1,134,665 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of recent research reports. Sanford C. Bernstein set a $78.00 target price on shares of Restaurant Brands International in a report on Friday, August 8th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Robert W. Baird boosted their price target on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Piper Sandler reduced their price target on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Finally, Morgan Stanley set a $77.00 price objective on Restaurant Brands International in a report on Tuesday, October 21st. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International has an average rating of “Hold” and a consensus target price of $74.76.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $68.05 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. The company has a market cap of $22.31 billion, a P/E ratio of 24.22, a P/E/G ratio of 2.70 and a beta of 0.63. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $72.32. The firm’s 50 day moving average is $66.71 and its two-hundred day moving average is $67.07.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 EPS. Analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is 88.26%.

Restaurant Brands International Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.